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Biden to host 'United We Stand' summit against hate-fuelled violence in US

President Joe Biden will host a White House summit next month aimed at combating a spate of hate-fuelled violence in the US, as he works to deliver on his campaign pledge to heal the soul of the nation". The White House announced on Friday that Biden will host the 'United We Stand Summit' on September 15, highlighting the corrosive effects of violence on public safety and democracy. Advocates pushed Biden to hold the event after 10 Black people were killed at a Buffalo, New York, supermarket in May, aiming as well to address a succession of hate-driven violence in cities including El Paso, Texas, Pittsburgh and Oak Creek, Wisconsin. As President Biden said in Buffalo after the horrific mass shooting earlier this year, in the battle for the soul of our nation 'we must all enlist in this great cause of America,' press secretary Karine Jean-Pierre said in a statement. The United We Stand Summit will present an important opportunity for Americans of all races, religions, regions, ...

Doha agreement with Taliban a 'big mistake,' says former US NSA John Bolton

Referring to the Doha agreement between the US and the Taliban the biggest mistake, ex-National Security Advisor John Bolton said that the Taliban has failed its commitments towards Afghan people

Oil higher on optimism for firmer crude demand post US stockpile drawdown

Oil prices edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in US crude stocks.

Bed Bath & Beyond rally fizzles out as billionaire plans to dump stake

Billionaire investor Ryan Cohen's investment vehicle RC Ventures intends to sell 9.45 million shares, a filing late on Wednesday showed

Global stocks lower after FOMC's July minutes suggest US inflation too high

Global stock markets and Wall Street futures mostly declined on Thursday after the Federal Reserve said US inflation is too high despite aggressive rate hikes, suggesting support for more increases. London, Shanghai, Tokyo, and Hong Kong declined. Frankfurt opened higher. Oil prices edged up. Notes released on Wednesday from the Fed's July 26-27 board meeting said inflation is unacceptably high", despite signs US economic growth is weakening. Board members saw little evidence to inflation pressures as subsiding. Investors worry aggressive rate hikes imposed by the Fed and central banks in Europe and Asia this year to tame inflation that is running at multi-decade highs might derail global economic growth. The Fed notes raised the prospects of further tightening," while some investors see possible excessive tightening dragging growth, Venkateswaran Lavanya of Mizuho Bank said in a report. In early trading, the FTSE 100 in London slipped 0.2 per cent to 7,498.98 while Frankfurt's DA

Oil rises as US crude stocks data, tight supply from Russia raise concerns

US crude stocks fall by over 7 million barrels

Donald Trump CFO's plea deal could make him a prosecution witness

Donald Trump's chief financial officer is expected to plead guilty to tax violations on Thursday in a deal that would require him to testify about illicit business practices at the former president's company, two people familiar with the matter told The Associated Press. Allen Weisselberg is charged with taking more than USD 1.7 million in off-the-books compensation from the Trump Organization over several years, including untaxed perks like rent, car payments and school tuition. The plea deal would require Weisselberg to speak in court on Thursday about the company's role in the alleged compensation arrangement and possibly serve as a witness when the Trump Organization goes on trial in October on related charges, the people said. The two people were not authorised to speak publicly about the case and did so on condition of anonymity. Weisselberg, 75, is likely to receive a sentence of five months in jail, to be served at New York City's notorious Rikers Island complex, and he cou

S Korea, US to stage preparatory military drills before major exercise

South Korean and US troops plan to hold preliminary drills this week in advance of their annual combined training involving field manoeuvers, officials said on Tuesday.

White House NSA Jake Sullivan calls attack on Salman Rushdie 'appalling'

The attempt on the life of renowned writer Salman Rushdie is "appalling" and "reprehensible", US National Security Advisor James Sullivan has said.

US bill to allow parents to sue social media over child addiction fails

California lawmakers have rejected a much-anticipated bill allowing parents to sue social media platforms over their addictive features for kids has failed in the legislature.

Democrat bill to bring US taxpayers closer to expanded IRS free-file system

The flagship climate change and health care bill passed by Democrats will bring US taxpayers one step closer to a government-operated electronic free-file tax return system.

Democrats in US House pass sweeping healthcare, tax & climate bill

Democrat lawmakers in the US House has passed a sweeping health care, tax and climate change bill.

Federal judge revives Obama-era ban on coal sales from federal lands

A federal judge has reinstated a moratorium on coal leasing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump.

Former US President Donald Trump's ex-CFO indicted on criminal charges

Donald Trump's companies ex-CFO Allen Weisselberg, is still facing a variety of criminal charges related to tax evasion allegations after he failed in a New York court this week.

Diesel pipeline break spills 45,000 gallons of fuel in Wyoming: US

A diesel pipeline in Wyoming owned by a company that's being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons of fuel.

Google gets poll panel nod to keep politician emails out of spam in US

Google has received a go-ahead from the Federal Election Commission (FEC) in the US to keep politician campaign emails from being marked as spam.

FBI agents search Trump's premises for papers related to nuclear weapons

The FBI agents were looking for documents relating to nuclear weapons, among others, in the unprecedented search they conducted of the premises of Donald Trump earlier this week in Florida.

China says exercises near Taiwan, conducted post Pelosi visit, have ended

China on Wednesday announced that it has concluded its military drills after more than a week-long training near Taiwan, simulating an attack on the self-ruled island.

Trump-era policy 'Remain in Mexico' is over: Biden administration

The Department of Homeland Security ended a Trump-era policy requiring asylum-seekers to wait in Mexico for hearings in US immigration court, hours after a judge lifted an order.

US adopts new sub-Sahara strategy to counter Russian, Chinese influence

The US is adopting a new strategy to cooperate more closely with countries in sub-Saharan Africa and push back the influence of China and Russia in the region, the White House said in a statement.